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🔒From Belarus to New York, apartment developer Klaynberg makes big bet on Hartford

Joseph Klaynberg and a partner have added or renovated 559 apartments to Hartford’s downtown over the past decade, making him one of the city’s busiest developers.Those investments took a hit in 2020, as COVID-19 pushed occupancy rates in Klaynberg’s “Spectra” apartments below 80%. Klaynberg’s partner – New York-based Girona Ventures, led by Jeffrey Ravetz – […]

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Wonder Works Construction Hartford apartment portfolio

Property

Units

Construction costs

Development costs

Year delivered

Spectra Pearl I (101 Pearl St.)

157

$23,600,000

$29,000,000

2020

4 Spectra Pearl II (111 Pearl St.)

101

$16,000,000

$21,600,000

2020

5 Spectra Park (100 Trumbull St.)

108

$3,179,198

$31,738,005

2020

Spectra Plaza (5 Constitution Plaza)

193

$15,800,000

$23,600,000

2016

Source: Wonder Works Construction

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